distribution of risks inside society, the Liberal system wins if the inequality of income is low, and the Beveridgean system wins … if the inequality of income is high. Using a utilitarian criterion, the Beveridgean system always dominates and the …

The fiscal theory of the price level says that the price level can be made determinate if the government uses fiscal … are specific to the "Ricardian" models that have been used to develop the theory. By moving to "non Ricardian" models we …

bootstrapping a commonly used index of inequality leads to inference that is not accurate even in very large samples, although … inference with poverty indices is satisfactory. We find that the major cause is the extreme sensitivity of many inequality …

distributions. Two main approaches can be distinguished: one in which the object of interest is some index of income inequality or …